KLCC Property Q1 pre-tax profit rises



KUALA LUMPUR: KLCC Property Holdings Bhd’s (KLCCP) pre-tax profit for the first quarter ended March 31rose to RM243.6mil from RM206.5mil a year earlier.

Revenue increased to RM340.8mil from RM311.9mil before.

KLCCP said its pre-tax profit for first quarter was marginally higher mainly due to positive contributions from almost all the segments.

“Revenue from office rentals increased, benefiting from implementation of the new triple net lease for Menara Dayabumi, effective Jan 1, 2014.

“Revenue from retail rental also went up by RM4.4mil or 3.7%, resulting from higher rates from rental reviews. Revenue from hotel operations surged RM12.8mil as the ballroom facilities were reopened after completion of renovation work,” the company said in a statement.

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